Can I retire at age 63 with 513,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$42,363$41,986$41,618$41,258$40,907$40,413
2 years$20,972$20,581$20,203$19,836$19,480$18,982
3 years$13,842$13,450$13,072$12,709$12,359$11,873
4 years$10,278$9,887$9,513$9,156$8,814$8,345
5 years$8,140$7,752$7,383$7,033$6,701$6,249
6 years$6,716$6,330$5,966$5,624$5,302$4,868
7 years$5,698$5,316$4,958$4,624$4,312$3,896
8 years$4,936$4,557$4,205$3,879$3,577$3,179
9 years$4,343$3,967$3,622$3,304$3,012$2,633
10 years$3,869$3,497$3,157$2,848$2,567$2,205
11 years$3,481$3,113$2,780$2,479$2,207$1,863
12 years$3,159$2,794$2,467$2,174$1,913$1,585
13 years$2,886$2,525$2,204$1,919$1,668$1,357
14 years$2,652$2,295$1,980$1,704$1,462$1,167
15 years$2,450$2,097$1,788$1,520$1,288$1,008
16 years$2,273$1,924$1,621$1,361$1,138$874
17 years$2,117$1,772$1,475$1,222$1,009$759
18 years$1,978$1,637$1,347$1,102$897$661
19 years$1,855$1,517$1,233$995$800$577
20 years$1,744$1,410$1,131$902$714$505
21 years$1,643$1,313$1,041$818$639$443
22 years$1,552$1,226$959$744$573$388
23 years$1,469$1,147$886$678$514$341
24 years$1,393$1,074$819$618$462$300
25 years$1,323$1,008$759$564$416$264
26 years$1,258$948$704$516$375$232
27 years$1,199$892$653$472$338$205
28 years$1,143$840$607$433$305$180
29 years$1,092$793$565$397$275$159
30 years$1,044$749$526$364$249$141
31 years$1,000$708$491$334$225$124
32 years$958$670$458$307$203$110
33 years$919$634$428$283$184$97
34 years$882$601$399$260$167$86
35 years$847$570$373$239$151$76
36 years$815$541$349$221$137$67
37 years$784$514$327$203$124$59
38 years$755$488$306$187$112$52
39 years$727$464$287$173$102$46
40 years$701$442$269$159$92$41
41 years$677$421$252$147$84$36
42 years$653$401$237$136$76$32
43 years$631$382$222$125$69$28
44 years$610$364$208$116$63$25
45 years$589$347$196$107$57$22
46 years$570$331$184$99$52$20
47 years$551$316$173$91$47$17
48 years$534$301$162$84$43$15
49 years$517$288$152$78$39$14
50 years$501$275$143$72$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 63 starting with $513,000, adding $3,958 every year, while hoping to spend $29,450 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 42/31/27 Blend
62$513,000$513,000$513,000$513,000
63$569,409$542,220$534,268$588,681
64$596,154$537,454$520,832$598,136
65$624,640$531,467$505,958$605,289
66$655,013$524,170$489,568$612,469
67$687,435$515,464$471,578$619,694
68$722,080$505,249$451,903$626,990
69$759,141$493,415$430,451$634,384
70$798,831$479,849$407,128$641,912
71$841,379$464,430$381,835$649,612
72$887,041$447,028$354,467$657,533
73$936,096$427,509$324,919$665,730
74$988,850$405,729$293,075$674,265
75$1,045,638$381,535$258,819$683,213
76$1,106,830$354,768$222,027$692,657
77$1,172,832$325,257$182,570$702,695
78$1,244,089$292,822$140,314$713,436
79$1,321,091$257,275$95,119$725,006
80$1,404,375$218,414$46,838$737,549
81$1,494,533$176,028$0$751,227
82$1,592,214$129,892$0$767,572
83$1,698,134$79,771$0$799,932
84$1,813,079$25,415$0$835,080
85$1,937,912$0$0$873,329
86$2,073,586$0$0$926,438
87$2,221,145$0$0$993,685
88$2,381,741$0$0$1,066,934
89$2,556,640$0$0$1,146,768
90$2,747,236$0$0$1,233,832
91$2,955,062$0$0$1,328,834
92$3,181,805$0$0$1,432,555
93$3,429,324$0$0$1,545,854
94$3,699,664$0$0$1,669,674
95$3,995,076$0$0$1,805,059
96$4,318,038$0$0$1,953,152
97$4,671,280$0$0$2,115,216
98$5,057,805$0$0$2,292,640
99$5,480,923$0$0$2,486,953
100$5,944,276$0$0$2,699,842